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Whose 'treasure islands'? The role of tax havens in the global economy

Robert Kudrle discusses the role tax havens play globally.

Secrecy in the service of tax evasion finds few defenders, but the corporate income tax also has few supporters among those who have seriously considered the subject. In particular, evaluating the corporate income tax (or any other tax) simply on the basis of how much gets collected and unwarranted assumptions about who bears the burden provides a terrible guide to policy.